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jpinpb
Posts:1450
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PolarBearKing
Posts:161
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| 10/18/2008 9:08 AM |
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Someone took a bath on this one...
Sold in '06 for $1.179M
Closed escrow this week for $720K
Wow, that's a 39% hit!
http://www.sdlookup.com/MLS-080045093-7200_Sanderling_Carlsbad_Ca_92011 |
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jpinpb
Posts:1450
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| 10/18/2008 4:45 PM |
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Ok. I say losing 155k in 7 short months is a considerable drop. 4878 Mission was sold 3/28/08 for 750k.
803 Wilbur just sold for 595k.
KCF who bought Mission took quite a loss in 7 months. What is the likelihood that Wilbur will suffer any loss down the rosy path of our economic times?
I can make quite a few trips to Italy with 155k. |
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jpinpb
Posts:1450
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| 10/18/2008 4:46 PM |
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| Oh. Did I mention this was the immune coast? |
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Just Someone
Posts:157
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LoonyQT
Posts:894
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| 10/21/2008 5:45 PM |
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| pbk - I saw that one on Sanderling - nice place, nice price drop. |
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PolarBearKing
Posts:161
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| 10/24/2008 1:35 PM |
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Sold in March '07 for $760K
Asking $511K today... Place is empty too. Somebody ate it bad.
http://www.sdlookup.com/MLS-080072697-3221_Celinda_Dr_Carlsbad_Ca_92008 |
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OldDog
Posts:22
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| 10/24/2008 4:35 PM |
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Asking $1.9 M - sold for $0. 100% loss
(ok, so it's a typo - but hey, this would qualify as the biggest drop otherwise)
http://www.sdlookup.com/MLS-080054249-10794_Edenoaks_San_Diego_Ca_92131 |
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jakob
Posts:473
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| 10/24/2008 6:13 PM |
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| Woohoo, $100 houses in Detroit, take that! |
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OldDog
Posts:22
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| 10/24/2008 6:18 PM |
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| I'd pay $100 just to NOT live in Detroit. |
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jpinpb
Posts:1450
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| 10/25/2008 8:56 AM |
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How about ZERO price change? This place in Point Loma just reverted to 2001 pricing. Seems a little like a fixer and nothing special, nevertheless, it has the same price as 2001.
3530 Wawona sold for 400k. |
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NCgirl
Posts:206
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| 10/28/2008 8:30 PM |
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Winner, winner!
http://www.sdlookup.com/Property-7E90C682-199_La_Costa_Ave_Encinitas_CA_92024
3.7mill in 2004, 1.5mill in 2008. These are really nice, very close to Ponto beach. |
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jakob
Posts:473
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| 10/28/2008 8:57 PM |
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| Wow, sounds like almost too much. Could that 2004 sale price be for a larger piece of land? |
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NCgirl
Posts:206
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| 10/28/2008 9:38 PM |
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| Hmmm...maybe. There are about 4 or five homes on the the lot area. They are all newly built about 3 years ago. I'll go look at the other addresses. |
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NCgirl
Posts:206
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| 10/28/2008 9:45 PM |
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| No, that's right. The others all sold for 2.3mill and one for 2.45mill in 2005-2007. I think one went REO already. Unless the builder bought the lot for 3.7 and then threw those houses up really quick? If so 2.3 to 1.5 is still a big drop. |
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jpinpb
Posts:1450
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| 10/28/2008 10:36 PM |
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| NC - Great find. I think that is a winner. That's a mega drop. |
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blahblah
Posts:1
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| 10/29/2008 4:37 PM |
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I was checking out the La Costa Ave monster drop and saw this nearby listing on the same street. What is up with this price that is 300+% over the 2004 price? Is the 600k the price paid for the land and it was a tear down because the taxed value is 1.34M
http://www.sdlookup.com/MLS-080067655-175_La_Costa_Ave_Encinitas_Ca_92024 |
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jakob
Posts:473
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| 10/29/2008 4:40 PM |
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| Right, land value. The listing says: "Year Built: 2005" |
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Brian
Posts:2210
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| 10/29/2008 5:32 PM |
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According to the County, Taxable basis is 2,000,000
Land 1,300,000
Improvements 700,000
I guess they were reassessed when they built the house in 2005.
Assuming the owner paid $606,000 for the land, they would now have $1,306,000 in this property ($606,000 + $700,000)
$22,943.45 in prior year's taxes defaulted.
Looks like this will become a distress sale, if it isn't already.
175_La_Costa_Ave_Encinitas_CA_92024
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jpinpb
Posts:1450
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